The Federal Reserve has reduced interest rates by 25 basis points, highlighting a shift in monetary policy approach under the current economic conditions. This decision coincides with Bitcoin achieving record high prices, signaling robust interest in the cryptocurrency market amidst traditional financial changes.
Jerome Powell, Chair of the Federal Reserve, is set to deliver his first speech since Donald Trump's significant presidential election victory. Analysts and market participants are eagerly anticipating Powell's commentary on the central bank's stance on monetary policy and inflation outlook, which could have substantial market implications.
Powell's speech is expected to address the recent rate cut, providing insights into the Federal Reserve's strategies moving forward, especially in light of the new political landscape shaped by Trump's presidency.
